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(Bloomberg) Several of OPEC+’s biggest oil producers want the group to continue with its strategy and add another 400,000 barrels a day of crude to the market in April, according to people familiar with the matter.
Feb 16, 2022 (Bloomberg) The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.While fuel consumption is bouncing back from the pandemic, the 23-nation alliance led by Saudi Arabia is struggling…
(Bloomberg) The OPEC+ producers’ group needs to pump more oil to bridge a gap between supply and demand and to reduce price volatility that’s seen crude skyrocket towards $100 a barrel this year.